StockGuru Publisher Blog: Is Today Black Tuesday for US Markets?
Is Today Black Tuesday for the US Markets?If you have been watching the global markets Monday and Tuesday, you know that there is a genuine crash happening. It follows about three weeks of decline starting with the beginning of the year. As you can see in a number of news sources some key Asian stocks dropped as much as 15%. It has been reported that large numbers of bank customers in US, UK and Japan have already started withdrawing money from their accounts. I take this part of the crash as essentially a run on the banks for hefty withdrawals. …